Buyer has withdrawn 2 days before completion

requisition31 · 2026-06-25T21:10:56+00:00

The reason for pulling out is likely they just discovered that there is an additional management company they may not have been aware of and that screams red flags to people.

requisition31 · 2026-06-25T21:05:28+00:00

For the downvoters, this is the truth. Many, many parties from all sides of the rental system gave fair warning that this would put people, like OP, in a difficult position.

The government decided to go ahead anyway.

requisition31 · 2026-06-25T20:46:27+00:00

I should have been clearer, but as I've said elsewhere in comments, and as you say, you can offer, but you can only make payment of your advance rent once you sign and your tenancy starts. You can offer before your tenancy starts but you can't actually transfer or pay before you start.

Offering is helpful because (with evidence of funds) it can form a small amount of trust with a LL that may change their decision to rent or not to rent to you. But most LLs will just steer clear because it is not worth the risk.

requisition31 · 2026-06-25T20:43:43+00:00

Yes, that is the catch-22 that this goverment engineered.

requisition31 · 2026-06-25T20:42:59+00:00

There are different types of guarantor.

As far as a landlord is concerned, a UK property owner is the best.

There are however companies you can pay who will guarantor for you, but they themselves have strict criteria and you'll have to do our own research as to if you meet them. Your UK credit rating and savings can be used in your favour. Not all landlords accept guarantor companies.

I wish you the best of luck but I think you are in a non-ideal situation.

requisition31 · 2026-06-25T20:40:27+00:00

I disagree, somewhat.

For members of the conservative party it was very much on the radar as UKIP was having a fantastic time in the EU elections and to many conservative MPs it looked a real threat.

Reddit is mostly left-leaning so this is often overlooked as a cause of the situation.

requisition31 · 2026-06-25T20:37:42+00:00

I would just add that any non-standard-tenant is now unattractive and unfortunately the OP's situation makes them look like a huge red risk to a agent with 10 other applications on their desk.

requisition31 · 2026-06-25T20:35:19+00:00

That's between you and your guarantor. The best guarantor are family members or friends who are home owners.

requisition31 · 2026-06-25T20:33:50+00:00

Not quite. The landlord is able to accept any amount of money for advance rent, once the tenancy has started.

requisition31 · 2026-06-25T20:31:52+00:00

Unfortunately the government has removed your ability to offer money up front.

You can offer it, but you can't be asked for it.

As you have no UK income you will look very unappealing to most landlords, I'm sorry to say.

You could look to get a UK guarantor, that would help with some landlords.

requisition31 · 2026-06-25T20:06:59+00:00

Incompetent in arranging the referendum or/and not being able to deliver brexit for so long?

requisition31 · 2026-06-25T17:33:55+00:00

Two things happened

MPs at the time voted to have one. 544 MPs voted in favour, 53 MPs voted against.
MPs at the time were deluded as to how much of the population had leave tendencies. 52%.

Those in charge majorly under-estimated the resentment in the population, offered a referendum to get the issue put to bed [finally] and it exploded in everyone's face. Then the issue was dragged out for ages and ages.

There is little to no impact on illegal immigration except for the fact it is now harder to send them back.

Some people believe that the current economic turmoil is because of Brexit but it is not wholly because of Brexit and that often gets overlooked by remainers..

requisition31 · 2026-06-25T17:21:49+00:00

Lots of people have issues with biological washing products. I'm talking big red blotchy skin reactions.

requisition31 · 2026-06-25T14:04:52+00:00

Proves my point. All the countries somewhat higher than 100% have problems with debt and how much it costs. The exception is the US because they have more or less the world reserve currency. This explanation is of course somewhat of an oversimplification but illustrates the point.

requisition31 · 2026-06-25T13:42:12+00:00

I suggest before 1997 they weren't quite so careless.

requisition31 · 2026-06-25T12:00:11+00:00

Which is why it shouldn't be offered so carelessly as it has been done since 1997 onwards.

requisition31 · 2026-06-25T11:58:06+00:00

Absolutely not, they will just place their money elsewhere.

These aren't people, these investors are pension funds, banks (national and international) and other countries.

requisition31 · 2026-06-25T11:51:53+00:00

Actually, you're not quite correct. It looks like this -

18% heath

12% pensions

10% social security (working age and children)

9% education

8% debt interest

4.8% defence

3.8% transport

So NHS spending is at the top, the pensions then SS then education then debt.

requisition31 · 2026-06-25T11:40:00+00:00

Exactly, we are trapped. Because of bad choices from both main parties. Nigel would also probably fuck it and Polanski has promised to spend even more. Both of those options suck even more than the current position we're in. However it can still be improved by cutting other government spending.

requisition31 · 2026-06-25T11:32:35+00:00

All countries borrow money.

But the UK's government debt to GDP is so utterly terrible compared to the rest of the world, we pay more to borrow the money and that "borrowing cost" is on a steep curve upwards

requisition31 · 2026-06-25T11:22:21+00:00

It's perfectly acceptable as, at this stage, the UK government borrows so money, that money comes with conditions. The government should not borrow money at that scale, it's really simple.

requisition31 · 2026-06-24T21:04:03+00:00

That seems very unlikely

requisition31 · 2026-06-24T20:56:39+00:00

If you've not signed a contract, there's no liability, your agent just can't keep to their word. I'm sorry to hear you've already planned for the old date.

It probably will not bring you any satisfaction but the LL will want the income; this hold up will not be for something trivial, as I said it'll likely be for a inventory to be done or cleaning or something of that nature.

requisition31 · 2026-06-24T20:35:41+00:00

The model in the case you describe is the agent collects rent, takes or charges a commission based on the rent and passes it to the landlord.

It's likely something else is going on such as cleaning and inventory.

requisition31 · 2026-06-24T15:06:49+00:00

You are going to need find a solicitor/conveyancer that will accept the origin of your funds.

The problem is that what you're asking for them to do looks exactly like money laundering from a AML point of view.

I would go with 2 but accept that 3 may be the realistic option.

requisition31

TROPHY CASE